Credit rating industry: A helicopter tour of stylized facts and recent theories

Doh-Shin Jeon and Stefano Lovo

International Journal of Industrial Organization, 2013, vol. 31, issue 5, 643-651

Abstract: The recent subprime crisis and the ongoing Euro zone crisis have generated an enormous interest in the credit rating industry not only among economists but also among average citizens. As a consequence, we have seen an explosion of the economic literature on the industry. The objective of this survey is to introduce readers to the key stylized facts of the credit rating industry and to the recent theoretical economic literature on this industry.

Keywords: Credit rating agencies; Reputation; Financial regulations; Conflicts of interest; Certification (search for similar items in EconPapers)
JEL-codes: D43 D82 G24 L13 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (13)

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Related works:
Working Paper: Credit Rating Industry: A Helicopter Tour of Stylized Facts and Recent Theories (2013)
Working Paper: Credit Rating Industry: a Helicopter Tour of Stylized Facts and Recent Theories (2013)
Working Paper: Credit Rating Industry: a Helicopter Tour of Stylized Facts and Recent Theories (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:indorg:v:31:y:2013:i:5:p:643-651

DOI: 10.1016/j.ijindorg.2013.02.004

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